StanChart posts strong results but coronavirus, economic headwinds to hamper profit growth

Thu, Feb 27, 2020 - 4:32 PM

Standard Chartered booked a robust 46 per cent jump in annual profit but warned a key earnings target would take longer to meet as the coronavirus epidemic adds to headwinds in its main markets of China and Hong Kong.

PHOTO: REUTERS

[HONG KONG] Standard Chartered booked a robust 46 per cent jump in annual profit but warned a key earnings target would take longer to meet as the coronavirus epidemic adds to headwinds in its main markets of China and Hong Kong.

The epidemic could lead to a rise in bad loans, it said but...

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